Banking standards under the federal reserve system

Bibliographic data

Monograph

Identifikator:: 1762969653

URN:: urn:nbn:de:zbw-retromon-142432

Document type:: Monograph

Title:: Banking standards under the federal reserve system

Place of publication:: Chicago

Publisher:: A. W. Shaw Company

Year of publication:: 1928

Scope:: xxxviii, 420 Seiten

Digitisation:: 2021

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Part II. Norms and trends in individual series for all Member Banks, by districts

Collection:: Economics Books

Io BANKING STANDARDS tricts combined as it is in the consistency of direction of change among the different districts. Here again, there is no necessary arithmetical reason for this common movement. TABLE 6 PERCENTAGE CHANGE FROM YEAR TO YEAR OF YEARLY DISTRICT RATIOS OF L0oANS AND DISCOUNTS TO EARNING ASSETS IN ALL MEMBER BANKS, BY YEARS AND FEDERAL RESERVE DISTRICTS FEDERAL RESERVE DISTRICTS Average (All Districts) — Boston. ...... New York. . Philadelphia . Cleveland. .. Richmond. . Atlanta....... ~hicago....... 5t. Louis. ...... Tinneapolis... {ansas City... Jallas......... 3an Francisco... sees EEE EERE PERCENTAGE CHANGE FROM YEAR TO YEAR 1923 1024 to to 1024 1925 1019 1920 to to 1020 1921 + 8.20 ¢ +r.24 1 —4.53 ° —2.80 +o0.99 | —2.10 + 4.20 + 7.93 {+ 8.90 + 9.20 +10.12 ov .6g +0.72 —0.25 +o0.27 +2.38 +2.42 +a.2¢ 4 —~6.16 -8.:8 -4.7s ~1.54 -0.02 ant —%.31 —3.20 —0.90 —2.82 —0.26 -0.F7 +1.03 +1.65 +-2.10 1.1.46 4-0.06 +0. 50 10.22 fr.12 ~~ 46 -0 12 3.60 +1.53 —0.78 —1.93 —0.90 —2.54 —0.05 —4-08 Fo —7.96 —4.27 +1.0¢ —3.01 + o.z1 ~+I.5I —- 4 —2.206 —0.61 It will be remembered that Table 3 shows the ratios in the dif- ferent districts each year to be widely different. Each district has its own level. Diversity in this respect is to be expected. The significant thing, at this point, is the tendency toward uniformity in the direction of change occurring in the twelve districts. It is not perfect except in two years—r1920 as compared with 1919, and 1923 as compared with 1922—and complete consistency is not to be expected. The directions of change are summarized in Table 7. The direction of year-to-year changes is of interest in another respect. If the ratios in a given year are high, relative to the levels fixed by the seven-year district averages, there is a marked tendency in the following year for them to decrease; conversely, if they are low as fixed by the same standard, the tendency in the following year is for them to increase. This fact is apparent from the detail in Table 8. Moreover, not only is there a tendency for ratios to decrease if they are high and to increase if they are low, but the net per- centage amounts of change vary directly with the percentage

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